Question

A. sound tracker company retires its delivery equipment, which cost $41,000. accumulated depreciation is also $41,000 on this delivery equipment. no salvage value is received.

Answer 1

The amount of the salvage may be calculated using various equations. We are given that the sound tracker is retired about some time and this was initially bought at $41,000. However, we are given that the accumulated depreciation is also equal to $41,000.

Since the initial payment is similar to the accumulated depreciation hence, the salvage value is zero.